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🌐 Entity
Tipped wage
Distinct minimum wage for employees earning substantial tips
📊 Rating
1 news mentions · 👍 0 likes · 👎 0 dislikes
📌 Topics
- Tax Reform (1)
- Worker Benefits (1)
- Legislative Process (1)
🏷️ Keywords
GOP tax bill (1) · Tipped workers (1) · Tax deduction (1) · Service industry (1) · Minimum wage (1) · Tax relief (1) · Congressional legislation (1)
📖 Key Information
The tipped wage is the base wage paid to an employee in the United States who receives a substantial portion of their compensation from tips. According to a common labor law provision referred to as a "tip credit", the employee must earn at least the state's minimum wage when tips and wages are combined, or the employer is required to increase the wage to fulfill that threshold. This ensures that all tipped employees earn at least the minimum wage: significantly more than the tipped minimum wage.
📰 Related News (1)
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🇺🇸 Tipped workers could soon get a new tax break. Here's what to know.
The GOP tax and spending bill creates a tax deduction for workers in tipped occupations. Here's what to know....
🔗 Entity Intersection Graph
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